European Economic News Preview: Eurozone Flash GDP Data Due

RTTNews | 508 ngày trước
European Economic News Preview: Eurozone Flash GDP Data Due

(RTTNews) - Flash quarterly national accounts from Eurozone and other major euro area economies are due on Tuesday, headlining a hectic day for the European economic news.

At 1.30 am ET, France's statistical office INSEE is scheduled to release flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.1 percent sequentially in the first quarter, the same pace as seen in the fourth quarter.

At 2.00 am ET, Destatis publishes Germany's retail sales, import prices and ILO jobless rate data. Import prices are expected to decline 3.8 percent annually in March, following a 4.9 percent drop in February. Economists forecast retail sales to grow 1.5 percent on month in March, in contrast to the 1.9 percent fall in the previous month.

At 2.30 am ET, preliminary GDP figures are due from Hungary.

At 2.45 am ET, flash consumer prices and producer prices are due from France. Economists forecast consumer price inflation to ease to 2.1 percent in April from 2.3 percent in March.

At 3.00 am ET, preliminary GDP data is due from Spain, the Czech Republic and Austria are due. Spain GDP is expected to log a slower growth of 0.4 percent in the first quarter after rising 0.6 percent a quarter ago.

At 3.55 am ET, the Federal Labor Agency publishes Germany's unemployment data. The jobless rate is seen unchanged at 5.9 percent in April.

At 4.00 am ET, flash GDP data from Germany and Italy are due. The German economy is expected to shrink 0.2 percent in the first quarter after posting a similar contraction in the preceding period.

At 4.30 am ET, the Bank of England is set to release mortgage approvals data. The number of mortgages approved in March is expected to rise to 61,000 from 60,383 in February.

At 5.00 am ET, Eurostat publishes euro area flash GDP and inflation figures. The currency bloc is expected to expand 0.1 percent in the first quarter after staying stable in the fourth quarter. The inflation is expected to remain unchanged at 2.4 percent in April.

read more
Swiss Market Ends Higher For 2nd Straight Session

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
RTTNews | 23h 2phút trước
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | 23h 26phút trước
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | 1 ngày trước
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | 1 ngày trước
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | 1 ngày trước
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | 1 ngày trước